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Erwin Hameseder, Chairman of Raiffeisen Holding, has been named Austria's most important manager for the second consecutive year, according to Industriemagazin's annual ranking. Hameseder, who has led Raiffeisen-Holding Niederösterreich-Wien since 2012, is recognized for his extensive networking and vision for European independence.Following him are Verbund CEO Michael Strugl in second place and UNIQA CEO Andreas Brandstetter in third, noted for his impactful withdrawal from Russia. Infineon CEO Sabine Herlitschka remains the highest-ranked woman at fourth, with OMV CEO Alfred Stern close behind.
Austria"s reliance on Russian gas has ended abruptly as Gazprom ceased supplies, a significant shift for the nation that previously sourced 86% of its gas from Russia. However, the country was prepared, having filled storage facilities and identified alternative suppliers, including its own production in Norway. The market price remains stable despite the disruption.
Austria's Chancellor Karl Nehammer announced that Gazprom will cut off gas supplies to the country this weekend, but assured citizens of a secure alternative fuel supply, stating, “no one will freeze this winter.” The decision follows OMV's refusal to pay for gas to offset a €230 million arbitration award. Despite the cutoff, gas is still being sent to Europe via Ukraine at normal levels, while Austria seeks to reduce its heavy reliance on Russian gas, which peaked at 98% last December.
Russia will suspend gas deliveries to Austria starting Saturday, marking the end of its last significant gas flows to Europe via Ukraine. This decision follows a contractual dispute between Gazprom and Austria's OMV, with Austria prepared for the cut-off, ensuring sufficient gas storage for winter. The move reflects Russia's diminishing role in European energy supplies, as countries seek alternative sources amid ongoing geopolitical tensions.
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Erwin Hameseder named Austria's most important manager for second consecutive year
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RAIFFEISEN-HOLDING NIEDERÖSTERREICH- WIEN eG
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07:00 30.11.2024
Austria ends reliance on Russian gas amid supply freeze from Gazprom
06:26 19.11.2024
Austria prepares for gas supply cut from Russia amid secure fuel assurances
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11:54 16.11.2024
Russia to suspend gas supplies to Austria amid ongoing energy crisis
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00:46 16.11.2024
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